{short description of image} Intimate Brands
Comment

Intimate Brands, 84% owned by The Limited, sells intimate apparel, lotions, fragrances and bath products through Victoria's Secret and Bath and Body Works stores. Long term debt is a modest $350 million and return on capital is about 35%. Predicted growth rate is 18%, PE=21, nominal PE=16, advantage over a 5 year T-Bill (GIV) is 51%, and div.=1.9%. Price on 12/31 was $29.88.

The following graph is taken from a recent STT Advisor. Note the agreement between the long and short term predictions.


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